The Lockheed Martin Corporation is a US based
multinational company, which operates in the areas of defense, security,
aerospace and advanced technologies. The company has worldwide interests and is
one of the world’s largest defense contractors in providing the defense
products to the customers. Lockheed Martin was established as a result of a
merger of two big contracting firms in 1995. The company after the merger is
headquartered in the Washington, United States.
Lockheed Martin is traded on New York Stock Exchange and the symbol for Lockheed Martin Stock is LMT. The Lockheed Martin Stock price is
currently at over $161 and the company has the market capitalization of over
$51 Billion. The company’s main stream
of revenues is from its government defense contracts and trainings for the
defense technologies. The company recently announced that it is going to add
another $80 million capital investment in the Orlando mission systems and
training units. The expansion in the Orlando unit is directed towards the
trainings, mission control and the preparation supporting techniques for the
F-series (i.e. F-16, F-35) aircrafts. The management is very forward looking to
this advancement as well as the investors of the company since this unit of the
corporation brings in over $4 Billion in revenue from different contracts and
the expansion and advancement spending in this area would certainly benefit the
bottom line of the company. United
Technologies stock is also a prominent company engaged in aircraft
manufacturing.
0 comments:
Post a Comment